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Rob Couldn't agree more about the desireability of making the deduction, in the vast majority of real life situations I also agree with you that ITAA requires the vendor to supply the construction cost info (if they have it or reasonably ought to have it). However I'm confused about...

Unclaimed Div 43 is not added back, except for the portion of Div 43 that you omitted to claim for the current year and any recent years for which you're entitled to re-open your assessment. (Broadly either 2 or 4 years, depending on your specific circumstances, and of course you can then claim...

Hi Mom Is the depreciation for the building itself (Div 43) or for chattels in the building (any furnishings, washing machine, air con, etc) If it's building depreciation (and you bought after 13 May 1997) then you'll have to subtract all the depreciation from the original cost of the unit...